Timothy F. Geithner bio box

Monday

Timothy F. Geithner was picked as the Obama White House’s treasury secretary. Here’s a quick look at his life and career.

Timothy F. Geithner was picked as the Obama White House’s treasury secretary. Here’s a quick look at his life and career.

Career: Geithner became the ninth president and chief executive officer of the Federal Reserve Bank of New York in 2003. He served as the vice chairman and a permanent member of the Federal Open Market Committee, the group responsible for formulating the nation's monetary policy.

History: Geithner joined the Department of Treasury in 1988 and worked in three administrations for five Secretaries of the Treasury in a variety of positions. He served as Under Secretary of the Treasury for International Affairs from 1999 to 2001. He has played a key role in trying to manage the current financial crisis affecting Wall Street, including the deal for JPMorgan Chase to acquire Bear Stearns; the bailout of AIG; and the decision to allow Lehman Brothers to fail.